StackIt Storage Inc (NASDAQ:STAK) Sees Large Growth in Short Interest

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 730,110 shares, a growth of 141.9% from the May 31st total of 301,790 shares. Based on an average trading volume of 7,353,913 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.5% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research analysts recently issued reports on STAK shares. Wall Street Zen upgraded StackIt Storage to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings began coverage on StackIt Storage in a research report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

StackIt Storage Stock Up 3.0%

NASDAQ STAK traded up $0.13 on Monday, hitting $4.40. 51,000 shares of the stock were exchanged, compared to its average volume of 3,765,195. The company has a current ratio of 1.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. StackIt Storage has a fifty-two week low of $0.29 and a fifty-two week high of $9.50. The company has a 50-day moving average price of $2.63 and a 200-day moving average price of $1.31.

StackIt Storage (NASDAQ:STAK) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $9.62 million during the quarter.

StackIt Storage Company Profile

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.